Sei Investments Co. Increases Stake in Granite Construction Incorporated $GVA

Sei Investments Co. lifted its stake in shares of Granite Construction Incorporated (NYSE:GVA) by 70.1% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 77,776 shares of the construction company’s stock after buying an additional 32,061 shares during the quarter. Sei Investments Co.’s holdings in Granite Construction were worth $9,324,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Lido Advisors LLC increased its stake in shares of Granite Construction by 5.7% during the first quarter. Lido Advisors LLC now owns 3,961 shares of the construction company’s stock worth $475,000 after buying an additional 213 shares during the period. Cetera Investment Advisers lifted its stake in Granite Construction by 4.8% in the first quarter. Cetera Investment Advisers now owns 5,325 shares of the construction company’s stock worth $638,000 after acquiring an additional 243 shares during the last quarter. First Trust Advisors LP lifted its stake in Granite Construction by 52.8% in the first quarter. First Trust Advisors LP now owns 1,397,573 shares of the construction company’s stock worth $167,541,000 after acquiring an additional 483,080 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Granite Construction by 0.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,067,545 shares of the construction company’s stock worth $127,969,000 after acquiring an additional 4,327 shares in the last quarter. Finally, Parallel Advisors LLC grew its holdings in Granite Construction by 133.4% during the 1st quarter. Parallel Advisors LLC now owns 873 shares of the construction company’s stock worth $105,000 after acquiring an additional 499 shares in the last quarter.

Key Stories Impacting Granite Construction

Here are the key news stories impacting Granite Construction this week:

• Positive Sentiment: Raised revenue outlook: Granite increased its 2026 revenue guidance to $5.3 billion–$5.5 billion and lifted its 2027 organic-growth outlook to above 10%. Management cited continued federal, state and private infrastructure funding as key growth drivers. Granite outlines 2026 revenue outlook
• Positive Sentiment: Revenue beat expectations: Second-quarter revenue rose approximately 29% year over year to $1.46 billion, exceeding the roughly $1.41 billion consensus estimate. Adjusted EBITDA also increased 22% to about $186 million, with public infrastructure activity providing the main source of momentum. Granite Reports Second Quarter 2026 Results
• Positive Sentiment: Bullish analyst view: Oppenheimer raised its price target from $170 to $180 and maintained an “outperform” rating, implying substantial upside based on the supplied reference price. Oppenheimer raises Granite price target
• Neutral Sentiment: Analyst opinions diverged: Goldman Sachs cut its target from $139 to $119 and assigned a “sell” rating, citing limited near-term upside, while Oppenheimer took the opposite view. This split highlights uncertainty around valuation and execution.
• Negative Sentiment: Headline loss and cost pressures: Granite reported a $278 million net loss, or $(6.36) per share, versus prior-year profit. The loss primarily reflected a $360 million non-operating charge tied to convertible-note transactions. Adjusted EPS of $2.16 also fell short of the $2.25 consensus, while severe Southeast weather and higher quarry-development costs pressured materials margins. Adjusted EBITDA margin guidance remained unchanged at 12.25%–13.25%.

Insider Buying and Selling

In other news, Director John Timothy Romer purchased 375 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The shares were purchased at an average price of $143.65 per share, for a total transaction of $53,868.75. Following the purchase, the director directly owned 2,801 shares of the company’s stock, valued at $402,363.65. This represents a 15.46% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Bradley Jay Williams sold 6,734 shares of Granite Construction stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $141.00, for a total value of $949,494.00. Following the transaction, the senior vice president directly owned 7,041 shares in the company, valued at approximately $992,781. This trade represents a 48.89% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.88% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Oppenheimer raised their price objective on shares of Granite Construction from $170.00 to $180.00 and gave the company an “outperform” rating in a report on Friday. Zacks Research upgraded shares of Granite Construction to a “hold” rating in a research note on Friday, May 29th. Wall Street Zen lowered Granite Construction from a “buy” rating to a “hold” rating in a report on Saturday, July 18th. The Goldman Sachs Group cut their price target on Granite Construction from $139.00 to $119.00 and set a “sell” rating on the stock in a research note on Friday. Finally, Stephens started coverage on Granite Construction in a report on Friday, June 26th. They set an “overweight” rating and a $180.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $158.50.

Granite Construction Price Performance

Shares of GVA opened at $120.63 on Friday. The company has a debt-to-equity ratio of 1.46, a current ratio of 1.01 and a quick ratio of 0.97. Granite Construction Incorporated has a 1-year low of $89.80 and a 1-year high of $162.08. The stock has a market cap of $5.28 billion, a PE ratio of -27.99 and a beta of 1.29. The firm has a fifty day moving average price of $136.77 and a 200 day moving average price of $130.49.

Granite Construction (NYSE:GVA) last issued its quarterly earnings data on Thursday, July 30th. The construction company reported $2.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.25 by ($0.09). Granite Construction had a positive return on equity of 27.83% and a negative net margin of 3.32%.The firm had revenue of $1.46 billion for the quarter, compared to analysts’ expectations of $1.41 billion. During the same period in the previous year, the business posted $1.42 EPS. The business’s revenue for the quarter was up 28.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Granite Construction Incorporated will post 6.14 EPS for the current year.

Granite Construction Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were given a $0.13 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.4%. Granite Construction’s dividend payout ratio is -12.06%.

Granite Construction Profile

Granite Construction Inc is a publicly traded heavy civil contractor and construction materials producer based in Watsonville, California. The company specializes in delivering large-scale infrastructure projects for government and private clients, focusing on the development, rehabilitation and maintenance of transportation, water resource and industrial facilities. Its turnkey solutions span the full project lifecycle, from preconstruction and design-build to construction management and facilities maintenance.

In its construction segment, Granite undertakes highway and bridge building, airport runway and taxiway construction, marine terminal and port improvements, dam and reservoir projects, transit systems and underground utilities.